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To: Jim Bishop who wrote (83983)5/10/2001 11:01:40 AM
From: larry hart  Respond to of 150070
 
MYNG IS A WWWWWWWWWHHHHHHHHHHHHAAAAAAAATTTTTTTTT!!

.09 // .085 279k shs traded

WWHWHHHHHAAAATTTT!!!!

Fly myng fly!!!
Who is buying ---- something is def up!!!



To: Jim Bishop who wrote (83983)5/10/2001 11:22:14 AM
From: Joe Copia  Read Replies (1) | Respond to of 150070
 
Wednesday May 9, 1:31 pm Eastern Time
Press Release
Elite Technologies Announces Improper Sale of Stock
ATLANTA--(BUSINESS WIRE)--May 9, 2001--Elite Technologies Inc. (OTCBB:ETCH - news) announced today that it has discovered what it believes to be an improper sale of its common stock by Knight Securities of Jersey City, N.J., into the marketplace. The transaction which Elite has questioned involves two million shares (2,000,000) of its common stock.

Scott Schuster, chairman of Elite, stated, ``We discovered that Knight Securities performed a transaction which Elite believes was shown in the marketplace as a sale against a restricted stock certificate on deposit with their firm. Elite intends to pursue this matter with all vigor.''

Alexander Kuhne, attorney for Elite Technologies, stated, ``This is the second instance where a broker dealer has transacted against a restricted stock certificate that was not eligible. We are in discussions with Knight, and should we not reach a satisfactory arrangement, Elite intends to pursue all civil and regulatory remedies available to it regarding this unusually large transaction.''

A firm or individual may not sell restricted stock issued under Rule 144 in the open market without meeting certain criteria to render the stock eligible for sale. Among the criteria are that the holder possess the stock for a minimum of one year, or that the stock must be registered by the company in a registration statement filed with Securities and Exchange Commission. The stock in question was not a year old at the time of the transaction and, therefore, the company believes that the stock in no manner meets the criteria, nor did the company approve of any part of this transaction.

Notice: This release and oral statements made from time to time by company representatives concerning the same subject matter may contain so-called ``forward-looking statements.'' These statements can be identified as ``forecasts,'' ``projects,'' or words of similar meaning and by the fact that the statements frequently are used in discussing regulatory submissions and approvals, development programs, etc. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance upon those statements.

--------------------------------------------------------------------------------
Contact:

Rapid Release Research, LLC, Houston
Bruce Pollock, 713/933-0377



To: Jim Bishop who wrote (83983)5/10/2001 11:29:21 AM
From: Joe Copia  Respond to of 150070
 
Elite Technologies Announces LOI With Worldtouch
Elite Technologies Announces LOI With Worldtouch


Business Editors & High Tech Writers

ATLANTA--(BUSINESS WIRE)--May 10, 2001--Elite Technologies Inc.
(OTCBB:ETCH) announced today that has signed a letter of intent to
acquire Worldtouch, LLC. Worldtouch is a provider of international
telecommunication long distance service, including voice over IP.
Scott Schuster, chairman of Elite, stated, "Worldtouch has a
unique product which will integrate into the kiosk technology already
owned and being deployed by Elite's subsidiary companies."
Todd Holbrook, president of Worldtouch, stated, "We are excited at
the prospect of joining the Elite team of companies. This will allow
Worldtouch to expand its marketplace by utilizing Elite's network of
companies and clients."
Elite Technologies Inc., through its subsidiary companies which
include International Electronics of Georgia ("IET"), Ace
Manufacturing Group ("AMG") and Icon Computer Parts, distributes
technology related hardware and software, including pay by minute
Internet browsers ("kiosks") internationally.
A firm or individual may not sell restricted stock issued under
Rule 144 in the open market without meeting certain criteria to render
the stock eligible for sale. Among the criteria are that the holder
possess the stock for a minimum of one year, or that the stock must be
registered by the company in a registration statement filed with
Securities and Exchange Commission. The stock in question was not a
year old at the time of the transaction and, therefore, the company
believes that the stock in no manner meets the criteria, nor did the
company approve of, any part of this transaction.
Notice: This release and oral statements made from time to time by
company representatives concerning the same subject matter may contain
so-called "forward-looking statements." These statements can be
identified as "forecasts," "projects," or words of similar meaning and
by the fact that the statements frequently are used in discussing
regulatory submissions and approvals, development programs, etc. Many
factors may cause actual results to differ from forward-looking
statements, including inaccurate assumptions and a broad variety of
risks and uncertainties, some of which are known and others of which
are not. No forward-looking statement is a guarantee of future results
or events, and one should avoid placing undue reliance upon those
statements.

--30--HS/ho*

CONTACT: Elite Technologies Inc., Houston
Bruce Pollock, 713/933-0377

KEYWORD: GEORGIA TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE INTERNET
SOFTWARE TELECOMMUNICATIONS MERGERS/ACQ

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